"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
"The too big to fail" part might be claims that private equity is using "leveraged debt" to finance the data centers using the AI claims of crazy projected income.
The money they're using is your savings and checking account balances being loaned out. The banks don't give a fuck if/when this blows up as its not actually their money and their socket puppets in the government won't actually punish any of them.
Don't hold back, Ed. Tell us what you really think! ๐คฃ Wow, Ed Zitron was in top form with this one!
Too optimistic in my opinion. A bailout may not strictly be possible, if by bailout you specifically mean a congressional financing vehicle, with no goods or services exchanged. We know how the Republican party operates though: sham, no-bid, overpriced federal contracts through personal financial connections, like the one for the reflecting pool. At a time when OpenAI is desperately searching for magin-positive revenue, a congressional bailout would do less than the transparent corruption we already know occurs regularly in Republican administrations.